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MERSOM
Municipal Employees' Retirement System of Michigan Portfolio holdings
AUM
$9.05B
1-Year Est. Return
13.04%
This Fund
S&P 500
This Quarter
Est. Return
+9.9%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$982M
AUM Growth
+$249M
(+34%)
Cap. Flow
+$175M
Cap. Flow
% of AUM
17.78%
Top 10 Holdings %
Top 10 Hldgs %
10.63%
Holding
913
New
10
Increased
394
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GPOR
Gulfport Energy Corp.
GPOR
|
+$1.39M |
| 2 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$1.35M |
| 3 |
CBST
CUBIST PHARMACEUTICALS INC
CBST
|
+$1.31M |
| 4 |
Mid-America Apartment Communities
MAA
|
+$1.28M |
| 5 |
Bread Financial
BFH
|
+$1.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vertex Pharmaceuticals
VRTX
|
+$1.98M |
| 2 |
Ametek
AME
|
+$1.51M |
| 3 |
NVE
NV ENERGY, INC
NVE
|
+$914K |
| 4 |
DELL
DELL INC
DELL
|
+$669K |
| 5 |
NYX
NYSE EURONEXT INC
NYX
|
+$340K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.87% |
| 2 | Industrials | 13.6% |
| 3 | Technology | 13.19% |
| 4 | Healthcare | 10.94% |
| 5 | Consumer Discretionary | 9.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JCP
901
DELISTED
J.C. Penney Company, Inc.
JCP
| $43K | ﹤0.01% |
4,700
| – | – |
|
902
Strategic Education
STRA
$1.81B
| – | – |
-1,800
| Closed | -$75K |
|
|
BKS
903
DELISTED
Barnes & Noble
BKS
| – | – |
-9,461
| Closed | -$80K |
|
|
NVE
904
DELISTED
NV ENERGY, INC
NVE
| – | – |
-38,700
| Closed | -$914K |
|
|
MOLX
905
DELISTED
MOLEX INC
MOLX
| – | – |
-4,600
| Closed | -$177K |
|
|
NYX
906
DELISTED
NYSE EURONEXT INC
NYX
| – | – |
-8,100
| Closed | -$340K |
|
|
SKS
907
DELISTED
SAKS INCORPORATED
SKS
| – | – |
-16,500
| Closed | -$263K |
|
|
DELL
908
DELISTED
DELL INC
DELL
| – | – |
-48,600
| Closed | -$669K |
|
|
WMS
909
DELISTED
WMS INDS INC
WMS
| – | – |
-9,000
| Closed | -$234K |
|
|
CNB
910
DELISTED
COLONIAL BANCGROUP INC
CNB
| $0 | ﹤0.01% |
23,300
| – | – |
|
|
CDL
911
DELISTED
CITADEL BROADCASTING CORP
CDL
| $0 | ﹤0.01% |
21
| – | – |
|
|
MWW
912
DELISTED
Monster Worldwide Inc
MWW
| – | – |
-19,200
| Closed | -$85K |
|
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Municipal Employees' Retirement System of Michigan's Q4 2013 Portfolio in Review
As of Q4 2013, Municipal Employees' Retirement System of Michigan held 913 positions worth $982M, up 34% from $733M the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Municipal Employees' Retirement System of Michigan deployed $175M of net new capital in Q4 2013, opening 10 new positions and adding to 394 existing holdings. Its largest new stake was Gulfport Energy Corp.: 23,000 shares worth $1.45M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Vertex Pharmaceuticals, an estimated $1.98M trimmed.
- Municipal Employees' Retirement System of Michigan's largest Q4 2013 buy was Gulfport Energy Corp.: 23,000 shares worth $1.45M.
- Municipal Employees' Retirement System of Michigan added most to Bread Financial in Q4 2013, an estimated $1.27M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q4 2013 reduction was Vertex Pharmaceuticals, cutting an estimated $1.98M.
- Municipal Employees' Retirement System of Michigan fully exited NV ENERGY, INC in Q4 2013, selling an estimated $914K.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 11% of its $982M portfolio in Q4 2013.
- Municipal Employees' Retirement System of Michigan opened 10 new positions and closed 9 in Q4 2013.
- Municipal Employees' Retirement System of Michigan's portfolio value rose 34% quarter-over-quarter to $982M.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2013, filed 10 Feb 2014.